The sudden increase in profitability of the Ethereum (ETH) blockchain in the first quarter of 2024 has raised eyebrows and sparked curiosity among investors and analysts. Not only has the price of ETH soared by nearly 100%, but the blockchain itself has generated a staggering $369 million in profits during this period. This unexpected windfall
As the cryptocurrency market experiences ongoing fluctuations, the price of Bitcoin has recently surged by 1.7% within a 24-hour timeframe, reaching above the $62,000 mark. Despite this increase, there are warnings from CryptoQuant, a prominent crypto analytics platform, indicating that Bitcoin may face a significant downturn to $52,000 if specific key levels are breached. Market
Cryptocurrency analyst Trend Rider has recently brought attention to the potential price rally of Cardano (ADA). According to Trend Rider’s analysis, Cardano could possibly rise to $3 in the near future. The analyst mentioned in a social media post that if history repeats itself, Cardano might be on the verge of a significant price increase.
The recent filing of an amended complaint by the US SEC against Justin Sun and other defendants on April 18 raises questions about the jurisdictional basis for pursuing legal action. The SEC argues that Sun’s alleged visits to the US should grant it the necessary jurisdiction to proceed with the case. The regulator claims that
A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has caused a stir within the crypto industry. The proposed ban on algorithmic stablecoins outlined in the Lummis-Gillibrand Payment Stablecoin Act has been met with criticism and concern from various experts and industry insiders. Former Blockchain Association member Jake Chervinsky labeled the
As of the latest update, Bitcoin Cash (BCH) has been experiencing a significant decrease in price, with a 20% dip over the last seven days. This decline seems to be closely tied to the overall market trend, particularly mirroring the movements of the leading cryptocurrency, Bitcoin. The recent turmoil in the Middle East following an
Binance recently completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, a move that has raised some eyebrows in the crypto community. By transferring 100% of SAFU’s assets to USDC, Binance claims to enhance the fund’s reliability and stability at $1 billion. While using a trusted, audited,
Bitcoin miners are currently facing a significant decrease in stock prices as the impending halving approaches. Marathon Digital (MARA) and Riot Blockchain (RIOT), two major players in the Bitcoin mining industry, have seen their stock prices plummet by approximately 53% and 54%, respectively, from their peak values earlier this year in February. CleanSpark (CLSK) experienced
Yuga Labs, a leading gaming company, has made a strategic decision to sell two of its gaming intellectual properties, HV-MTL and Legends of the Mara, to Faraway, a prominent Web3 gaming studio. This move signifies Yuga Labs’ intention to concentrate its efforts on the development of its major projects, Otherside and Dookey Dash. By letting
Ethena has introduced a synthetic dollar protocol on Ethereum that issues the stablecoin USDe with the vision of creating a censorship-resistant and scalable form of digital money pegged to the US dollar. However, a recent deep dive conducted by on-chain analytics firm CryptoQuant has shed light on the potential risks associated with the rapidly growing
